Gold, silver gain on dollar weakness
by Elaine Frei

Precious metals prices were higher Tuesday on a weaker US dollar that resulted from expectations that the recession will end soon and that the economy will improve.
Analysts expect that demand for precious metals, especially gold, will improve further as investors worry more about inflation.
June gold was up $10.40 to $923.90 per troy ounce in New York while July silver added 31 cents to $14.22 per troy ounce and July platinum gained $11.40 to $1,132.10.
Base metals prices were up in London while July copper traded about even in New York at $2.09 per pound during the day.
Three-month copper on the London Metal Exchange added around $35 to trade in a range between $4,595/$5,600 per tonne as LME inventories of the metal used in manufacturing and construction fell by 6,150 tonnes.
London prices had gone as high as $4,717 per tonne earlier, but were send back down by declines in US equities markets and concerns that China’s copper imports could decline.
Zinc added $3 to $1,545 per tonne while aluminium was up $8 to $1,547 per tonne, lead was $49 higher to $1,475 per tonne, nickel added $120 to $13,045 per tonne and tin gained $125 to $14,025 per tonne.
Add to Bookmarks:
Related posts to: Gold, silver gain on dollar weakness
Gold, most other metals prices gain on weaker US dollar ...
Gold investors watch and wait ...
Gold, platinum higher on dollar weakness ...
Zinc gains as China cancels export rebates ...
Gold up as dollar fails to gain on euro ...
Latest Metals News:
US pending home sales data helps copper prices
Positive data chases gold prices lower
Gold gains on search for safetey ahead of economic data
Gold gains as US dollar weakens
Gold prices fall on US jobs news
US durable goods orders, new home sales drive metals price moves
Gold gains, copper drops on US home sales data
Copper prices fall on economic, demand concerns
US unemployment numbers hurt copper prices
Copper prices gain on more inventory declinesPrevious: « Copper lower; precious metals see gains
Next: Gold gains but silver, platinum prices decline »
Visited 2316 times, 1 so far today